The company's purpose is to operate hotels and similar establishments, travel agencies; trade in hotel equipment and/or all activities in the hotel and real estate sector. The company may enter into all financial or commercial transactions and conclude contracts that are suitable to promote the purpose of the company, as described in Article 2, paragraph 1 of these statutes, or that are directly or indirectly related to it. The company may establish branches, participate in other companies in Switzerland and abroad, found comparable or holding companies or merge with them; The company may acquire and sell properties in Switzerland and abroad, enter into all transactions and conclude contracts that are suitable to promote the purpose of the company or that are directly or indirectly related to it.